Indicative Costs. Indicative costs for each of the options on the Short List have been prepared as per guidance in the Scottish Capital Investment Manual. Description Capital Costs (£) Whole Life Capital Costs (£) Whole Life Operating Costs (£) Est. NPV (£) Est. EUV (£) 1 Do Nothing/Base 2,135,269 883,389 34,813 2 (6c) Kincardine Station 2,905,851 1,880,609 2,135,269 4,287,863 168,978 3 (6b) Feregait 2,866,240 1,854,929 2,135,269 4,241,442 167,149 4 (6d) Tulliallan School 2,905,851 1,880,609 2,135,269 4,287,863 168,978 Assumptions To provide the above Indicative Costs at this Initial Agreement Stage, the following assumptions have been made:
Indicative Costs. Indicative costs for each of the options on the Short List have been prepared as per guidance in the Scottish Capital Investment Manual. Description Capital Costs (£) Whole Life Capital Costs (£) Whole Life Operating Costs (£) Est. NPV (£) Est. EUV (£)
Indicative Costs. 7.9.1 The Table below represents the range indicative capital costs for each of the short listed options. In the preparation of the indicative capital costs, cognisance was taken of the guidance issued by SGOV on 11th July around affordability caps. The cost is based on prime cost benchmark per sq metre Indicative Capital Cost Option No. Description Capital Cost estimate £m 1 Do Minimum £1.5m 0 Xxx Xxxxx Xxxxxxxxx Xx £11.0m -£12.3 5 New Build Xxxxxxx St. £11.0m -£12.3 0 Xxx Xxxxx Xxx Xxxx Xx. £11.0m -£12.3 The cost is based on prime cost benchmark per square metre. The base figure used is from a priced project from the West Hubco, based on Barrhead Health centre and priced during the hub procurement process.
Indicative Costs. To support the development of the Initial Agreement hub South East Scotland Limited (hubco) were asked to provide advice on the earlier masterplanning exercise. A key part of this work was to identify a potential phasing of the redevelopment, on the basis that this presented the only affordable solution in the current financial climate. Indicative capital costs for the redevelopment of the REH campus range from £60m (option 1 - do minimum), through £142m (option 3 – part new build, part refurbishment), to £181m (option 2 – 100% new build). Options 2 and 3 were based on delivering 400 beds on a phased basis.
Indicative Costs. Indicative capital costs for the redevelopment of the REH campus range from £60m (option 1 - do minimum), through £142m (option 3 – part new build, part refurbishment), to £181m (option 2 – 100% new build). Options 2 and 3 are based on delivering 400 beds on a phased basis. The 400 bed estimate is a high level estimate of the eventual final numbers of beds needed. This takes account of current service strategies that support the further shifting of the balance of care from hospital to community. A considerable amount of work is taking place across many of the services currently in terms of service redesign that will see further emphasis on community provision. Refurbishment costs at £17.3m would be associated with XxxXxxxxx House. Based on estimates from hubco’s, the initial phase comprising a 90-bed unit for acute and intensive psychiatric inpatient services and associated infrastructure upgrade would have a capital cost of between £18m and £20m. The cost estimates include optimism bias, professional fees, and VAT. Given that the phasing programme has yet to be determined, an allowance for inflation can only be given to the mid-point of construction of the first phase. As indicated earlier, the REH campus has the capacity to provide additional accommodation beyond the 400-bed provision costed here. It is anticipated that there will be further available capacity which could facilitate Liberton Hospital services being relocated to the REH campus. Consequently, the scope of the programme may be extended to include additional beds in later phases – costs will be developed when these proposals are scoped in detail and Outline and Full Business Cases are brought forward.
Indicative Costs. Cost Heading Option 1 Option 2 Option 3 £ £ £ Capital Requirements Revenue Requirements for implementation of the project Ongoing Revenue Costs per annum Depreciation Costs per annum Capital costs have been developed to include equipment purchase, interface development, vehicle installation, VAT and other direct costs. The revenue requirements during implementation of the project include the cost of training for ACC staff and Scheduled Care crews, the implementation team and project support costs. Ongoing revenue costs for option 1 include the provision of administrative support within each of the scheduled care sub-divisions. Ongoing revenue costs for options 2 and 3 relate to support and maintenance and annual software licences. Annual depreciation has been calculated on a straight-line basis using a 7 year life for Options 2 and 3. These costs have been estimated with reference to similarly sized IT projects previously delivered by the Service. The Service will continue to monitor revenue costs and reinvest efficiency savings to manage cost pressures.
Indicative Costs. 5.5.1 Capital Costs Table 5.6 below provides high-level indicative cost range for a new build hospital which would accommodate each of the Proposed Solutions. Costs in £millions Do Nothing/ as existing arrange ments Proposed Solution 1 – Fort- Xxxxxxx centralis ation model Proposed Solution 3 – Combined Hospital/ Out of hospital model Proposed Solution 4 – Maximum out of hospital model Proposed Solution 5 – Maximum out of hospital model + District & primary care £000’s £000’s £000’s £000’s £000’s Capital cost (or equivalent value) 1,500 111,237 111,237 111,237 111,237 Whole of life capital costs 1,263 102,518 102,518 102,748 102,748 Whole of life operating costs 286,802 308,483 308,483 308,483 308,483 Estimated Net Present Value of Costs 288,065 411,001 411,001 411,231 411,231 Figure 5-6: Indicative costs table For the purposes of Economic Appraisal, all costs exclude VAT and inflation. Costs relate to the provision of a new build hospital on the Blar Mhor site in Fort Xxxxxxx, as this is the most likely built solution to facilitate the preferred service change solution. The Blar Mhor is considered to be the optimal location for a new hospital in Fort Xxxxxxx as it is the only development site which can accommodate a development of this scale, and the site is adjacent to the health centre, the ambulance base, the police station, and new housing developments. This is also the proposed location for development of a STEM Centre by West Highland College/UHI which will provide opportunities for collaborative working with NHS Highland, and the development of shared accommodation. Capital Costs include construction costs, professional fees, other construction related costs, optimism bias, sustainability allowance, design risk and equipment, as detailed in Appendix
Indicative Costs
